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world employing tens of thousands of less educated workers. a wonderful recipe for short-run productivity, a wonderful recipe for paying worker $5 a day. it was factories like this that made detroit quite possibly the most productive place on the planet in the '50s, but these were not a recipe for long-run urban regeneration because they don't need the city, they don't give to the city. they're a world unto themselves. when conditions change, and they always change, you just move the factories to places where it's cheaper. you have nothing left. and so as transportation costs declined, we moved these factories to lower cost locale, we moved them to the suburbs, we moved them to the right-to-work states and across the country. now, detroit still has not recovered from deindustrialization. in part, detroit had the worst of all possible worlds, it had a single large industry, a few dominant firms. those firms crowded out all local entrepreneurship, and the city has had a significant degree of problems ever since. they have 25% -- they've lost 25% of their population between
's education. people say that federal loans have card caps of $5,000-$7,000 per year. you can only borrow a total of $33,000 for undergrad. but that is not looking at the parent portion of the picture. the parent portion allows you to borrow as much as you need, to fill the unmet need, to pay your child's way to get to a particular school. there is a credit check that is very modest and there is not a check on income. but as costs have grown, perhaps the limits we have had on federal student loans do not meet the needs the students and families are experiencing when they are trying to pay for college. you see the growth in the program where more parents are borrowing from this program. recipients have doubled in the past decade, and they are borrowing more money as well. we thought it was emblematic of the shift in the system. >> would you say the apparent lack of paycheck is one of the most consistent missing pieces? if someone has an income of $10,000 a year, they can take out a loan for $30,000. >> if they do not have a negative credit history, and we could have a larger conversation a
morning. thank you for educating people on your television show. we live in a community where we are experiencing exactly what you're talking about, particularly businesses, and i am talking big businesses. they do not like where the doors are located, or this department over here, and what they are doing is restricting jobs and tax base. i would encourage people to get involved in your institute and fight this because it is not doing anything for the economy or our country. merry christmas to everybody. host: john, thank you for the call. what is the history of the cato institute, founded in 1977? guest: it was founded to promote liberty and economic freedom, starting in san francisco, and then move into washington, d.c. milton friedman admitted the kindle institute has never sold out. we still work for liberty and freedom. i've been working with the cato institute since 1995 and full time since 2007. host: mary, fort washington, maryland. democrat. caller: i would suggest thinking that if you follow all of the problems come at the end of the trail you will find the smiling grin
, connecticut, shooting, and we've already buried six educators and 17 children. people stolen from their friends, from their family, from all of us. this is ana grace marquez, marquez-greene who loved to count and sing. josephine grace gay, who just celebrated her seventh birthday, and emilie alice parker, who was bright, creative and very loving. so let's have a conversation. it will probably make you angry. now, being angry is not a bad thing. it means this matters to you. gun control, in fact, that phrase alone may enrage some people. how about gun rights? this is one of those topics that we should all be riled up about on both sides of this argument. it means that you're invested if you get riled up. listen, we need to be. we need to be riled up and passionate about this. not everyone will agree, no one, no one plan of action, that everyone agrees, we don't want a repeat of what happened in newtown, connecticut. or milwaukee, wisconsin. or aurora, colorado. and those are just three from this past year. there are others since january, and, of course, many before that. so what? w
. >> and you met with the families of these victims, 20 kids six educators, that must have been one of the most difficult things you have ever done in your life. >> i was a part of it, but quite frankly, the people assigned to work with them, the one-on-one's, the interviewers that had to sit with the people, those were very hard jobs to do. there were so many people that played such a major role in this whole situation that it really was spread out among many. >> i know the whole thing has been painful. painful for all of us who have been here. i can only man what the families were going through. but is there one moment that stands out in your mind that you will never forget the rest of your life? >> i think the crime scene itself is something has made an indelible mark on our minds. if you were tasked with the responsibility of going into the crime scene, it is something you will never be able to erase. >> you mean, when you walked into the sandy hook elementary school and you saw the bodies of little kids on the floor? >> yes. >> how can you -- that must be so shocking and traumatic? >> it i
of the epa. they talk about the cannot of education, the department of agency and epa waste of money. >> cost too much, all about regulations. are you one of the few people employed to this organization who has been to north korea. >> twice. i hope to go back again soon. >>> just ahead, a warning to democrats from republicans, they will not write a blank check to solve the fiscal cliff. reaction from debbie snab now of michigan, next. >>> plus, the best selling river of "gone baby gone" and mystic river" has a new crime to solve. where is his dog? dennis lahane is asking for help finding his dog tessa. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi
? that's ahead. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> gold prices closing right now. let's get to bertha coombs. >> gold closing fractionally higher, on track for its twelfth yearly gain, smallest since 2008 because it's been a very tough quarter for gold. despite the fact we've had all these worries, whether it be the fiscal cliff, the election, the situation in europe. nonetheless, gold has just not been the safe haven. this morning, it was industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more
to educate you if i didn't just think it was not just theoretically possible but actually feasible for the vast majority of people to succeed at managing their own money. so if that's the case, then why is investing so darn difficult? how many people struggle to make money in the stock market in how the heck can i believe it possible for you to beat the average, the big benchmarks when so many fund managers fail to do so? simple. you can do it but you have to do it the right way. one of the biggest obstacles to successful investing is a lack of clarity about just what investing is supposed to mean. i have seen countless people try to follow the conventional wisdom about money management, only to have their investments wiped out because the conventional wisdom is wrong. and the worst part is those people had no idea they were making a mistake. they actually thought they were being responsible. in other words, to borrow a phrase from "cool hand luke" -- >> what we've got here is failure to communicate. >> and i'm saying it boss. that's why tonight i want to demystify the concept of l
line on the crosswalk is four to six weeks. and there will be more safety education in those five schools and try to cut down on risky moves you saw. >> a bay area charity has put out the holiday wish list and in dire need of christmas hams. st. anthony's needs to collect 500 hams before tuesday so it can serve traditional christmas dinner. st. anthony's serve thousands of meals a day, one fifth of those seeking assistance are military veterans. donations can be dropped op off at its dining room. >> you have a few hours to make sure that kids get a toy for christmas. east palo alto police department is asking for last minute donations to help with its 14th annual toy drive. department provides more than 1500 toys to families every year but they have come up short so far this year. bring donations to east palo alto city hall until 9:00 this morning, the toys are being handed out an hour from then at 10:00 a.m. for more information on that, go to abc7news.com and click on see it on tv. >> let's hope the khuintd comes through for that one but will have to brave weather to do it. >> h
education, all that stuff. they don't care about that. they spend the money on what they want to get elected. >> when you're saying that the previous mayor spent all the money, you're talking about mayor daly. rahm emanuel is in place now. >> right. >> he spent all the money on what? and then, two, what is the realistic proposal here to reverse the violence? >> well, over 20 years i can give you a laundry list of corruption and cronyism. but you know it well because you were here as well. and you saw it. there was a reporter once for "time" doing a cnn profile, comparing richard daly to andy of maybury and said he presides over chicago like andy of maybury. now that reporter is the press secretary for president obama. so there had been -- not you, obviously, but there had been people who were papering over and smooching up and making things look nice when they weren't nice. the city is broke. we're a thousand police officers down, at least, right? and now the city is creating this news flap, public relations issue, saying there is now we're going to take one off the 500 and make it 499. you'
and the educators, all that's going to happen. this community is going to rally around and support these people in any direction that they want us to go. >> and outside the community too. lots of support. robert cox writes for reuters "breaking views," and he's also a newtowner. >>> "outfront," next, student who survived a mass shooting in minnesota seven years ago drive to newtown, connecticut, to be with the sandy hook survivors. we'll tell you what they presented to the staff and students to help them cope. we remember the victims of sandy hook that lost their lives a week ago. i'm glad we got cdw and cisco to design our data center. yeah, the cisco ucsc series server, with the intel xeon processors, help us scale smoothly, like a perfect golf swing. how was it before? clunky and full of unnecessary impediments. like charles' swing. i heard that. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can
forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. you can stay in and like something ♪ or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on offering some of our best values of the year. this is the pursuit of perfection. >>> holiday travel plans disrupted and holiday shopping made for complicated. heavy snowfall and powerful winds have gripped several states. mountains of california, up to five feet of snow expected there. heavy rain prompting flood warnings, closing highways in napa, and back east western new york, lake-effect snow blanketing areas around cleveland and buffalo and high winds are threatening to delay flights at busy airports in new york, philadelphia, and washington d.c. some of the estimated 87 million americans traveling these holidays have -- or this holiday have no doubt made it their christmas destinations. ma
that that are happening, whether it's a memorial for the children and the educators, all that's going to happen. this community is going to rally around and support these people in any direction that they want us to go. >> and outside the community too. lots of support. robert cox writes for reuters "breaking views," and he's also a newtowner. >>> "outfront," next, student hot survived a mass shooting in minnesota seven years ago drive to newtown, connecticut, to be with the sandy hook survivors. we'll tell you what they presented to the staff and students to help them cope. >>> we remember the victims of sandy hook who lost their lives a week ago. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfect
. on seeking arrangements the average man is 39, college educated and spend over $3,000 pampering the woman he is dating. why date regular guys when it's more fun and rewarding to be with generous men instead? >> bob: where is the sugar momma. >> andrea: i love the line if you feel powerless when you find yourself a sugar daddy. are you offended by this? >> andrea: are they lying? 1 million people out there? don't give you my ail usa name? just kidding. i have never been on the site but it's crazy. shows the state of affairs that we are in at this point. >> bob: this is fascinating. but i will let this go back. the debt ceiling in fact does not vote on as they point out revenue comes in. treasury can do is -- they can move money around. >> eric: where is the money coming in from, bob? >> bob: midnight on january 1, increase in revenue. >> eric: you think the revenue is going to offset the spending cut? absolutely not. we'll smack -- >> kimberly: erroneous. >> bob: it would give you now have continue it going. >> eric: two months leeway if they start to play around with numbers. >> andrea: it's
, the president of the national education association says we do not need guns in schools, period. >> well, they need protection. the kids need protection. bill clinton thought they needed protection. the israelis have tested it, and it works there. you know, what we've suggested that each school district and each school administrator look at the problem that they face. right now you have a mix. you have federally funded officers in many schools. you have a mix of funding in other schools sprup volunteers in some place where's administrators are armed with concealed carry and all that. we're not saying that it ought to be this or that, that one size fits all program will work. what we are saying is the first obligation that we have is to protect our children and the way do you that is you look at the problem. and know-- >> schieffer: don't you try to also try to get some of these guns off the streets, get some of these guns out of markets? every study shows that when a society-- the fewer the guns, the less homicides. >> that's not true. >> schieffer: well, actually, it is true. that comes
these weapons, that's an educational issue. it would have been nice if the nra had come out and reminded their base of support of the importance in this particular area. i think maybe how we should approach this is institute a moratorium for a short period of time. let things cool down, let everybody kind of depoliticize this topic and come at this thing intelligently. the reality of the situation, don, and i say this remorsefully is, i am not convinced that an assault rifle ban is going to curtail this activity. one of the problems is, that in their omnipotent wisdom, colt firearms industry introduced this particular format of weapon to the united states general populous, and it's been consumed since that point. you can only imagine how many of these are floating around already. >> i have an interesting tweet that said all recent mass killings were committed by 18 to 25-year-old young men primarily white, virginia tech is the exception. are you saying we should start profiling white men? >> i think we should ask the question, why is america 30% white guys and 70% of the mass shootings i
. so did all of the educators who died that day. they all mattered. they all had families. they all had friends. they all had -- you know, if i asked everybody in this world who has ever loved someone who has ever had a human being in their life, was essential to their well-being to raise their hand, i don't think there would be many hands down in this world. every one of those hands in a reason why those weapons should not be out in the general public. >> is there anything else you want to say? >> i don't think so, anderson. i think i said everything i want to say. i am grieving. that's all. like we all are. >> i wish you strength and peace in the days ahead. >> thank you. >> i know it is hard. >> thank you. i will need it. >> there is a lot of people who need strength here right now. the message that their lives matter, those lives matter, it is something so many parents want to get across. we'll hear from more parents tonight and i will also speak with monsignor robert weiss who has conducted so many funerals and memorial masses this week giving comfort to a community tasked with the
was listed in a book of great leaders of education. he wrote incredible thesises, if there is such a word, with just wonderful observations. he was a teacher. he also taught at elmira reformatory. he taught english to juvenile delinquents. i could never read that piece until i got much older and had this certain experience. then i was able to read it. that was me. in other words, there is so much in the cellular memory or the dna. because i never knew him. but at 16, i discovered ipsen and shakespeare. when i finally read my father's thesis it was how to teach prisoners and delinquents through ipsen and shakespeare. you know? >> have you been able to find out a lot about him and his character and his life? >> not really. although very mystical things happen, you know? i was doing a concert -- i can't remember when. several years ago. i was with my two girlfriends one night at my house. and they were talking about their fathers. i couldn't relate to them because they had the experience of having a father. i came up to my office after they left and there was a letter from my father that had
taliban, because she wants education for girls. we have video of malala yousufzai. let's talk about that. >> i have a new dream, so i thought that i must be a politician to serve this country. >> why did you change this dream. >> because there are so many crises in our country, i want to remove them. >> and you notice there is a little bug here, which is why we have that video ready to go. krystal ball, your person of the year, you can just say i agree. >> i have to go with president obama. mine is corny, too. he really survived a lot of adversity, so -- >> i don't think you have to make the case for the president being the person of the year. >> alex wagner, the person of the year. >> i would echo krystal, he purported himself with kindness, and integrity. >> steve, you're the tie-breaker, there are two for malala yousufzai. >> i'm not breaking a tie, going out on my own, family feud style. john roberts, supreme court justice, the height of the election season, immense pressure, he said you know what? the affordable care act, it stands. >> all right, coming up, the biggest winner and lo
educating them. with that said, i'm concerned about investors in general not really understanding what they have, and if interest rates go up, even a small amount, there could be negative rates of returns on securities or funds and how will they react, particularly in an environment where there's a potential for less liquidity. dagen: washington, as they have in the past, pardon the language, screws things up, though, then the fed a likely to stay accommodative; right? in the coming year, do you think? >> they absolutely are. i think it's probably, at least near term, the right policy. my concern is if inflation unexpectedly rises for some reason, will they be quick enough to pull away all the enormous liquidity in the market place? they feel they can, but we have seen instances before in the past 20-30 # years where that's not been the case, and it's going to be pretty hard to figure out so, to me, that's one of the bigger, longer term issues not to come into play, at least through much of 2013. dagen: bob, really quickly, what do you like owning right now? what helps you sleep? what
. lawmakers and top educators fired back. they say any solution also needs to include gun control and mental health care. >> i don't believe that the only way to stop violence by guns is to give the other person a gun. >> -- have acknowledged that armed police officers may be a part of the solution, but also add that's going to cost money and wouldn't necessarily prevent another shooting like last week's tragedy in newtown from happening again. either way, this debate is sure to heat up. more than 400,000 americans have already signed online petitions calling for gun control and president obama has promised to seek legislation next year. reporting live in washington, i'm danielle lee, larry, back to you. >> many thanks. we appreciate the update. >>> now, we had cnn's -- >> i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're unbelievably stupid man, aren't you? >> it seems to me that you're morally obtuse. you seem to prefer being a victim to being able to prevail over the criminal element. and
what to do? >> i think there's a lot that could be done. it involves education, it involves investing in infrastructure which we should be doing and, frankly, i think all of that would take time. the best thing we can do to make up for the $750 billion a year whole in labor compensation that has arisen because of technological change is ring as much of the waste out of health care as possible. workers take home pay suffers by that amount. >> i had health care written down here and that was the elephant in the room we didn't talk about when we talked about government spending right now. i know peter has worked on it really hard. but something that is really sad for me looking forward about the u.s. economy is a lot has been done. i think even morally, it's terrific that americans are going to be covered. but the system hasn't really been rationalized and that is a big drag on the u.s. economy. if i could -- >> i think there is much more progress that is being made, not just because of policy, but because insurance firms are pushing this way and insurance firms are pushing this way movi
a career in education, they would also need to be trained and comfortedble with the idea of carrying a weapon? >> unfortunately, this is the world we live in. >> by that logic -- one last thing, david. by that logic, why not arm the students as well. >> because the students are children. you don't arm children. >> an 18-year-old? a high school? an 18-year-old high school senior, i mean, by your logic, they, too, should all be carrying weapons. and the lunch ladies and the bus driver? >> no, but the college kids should be armed. absolutely. they have the right to protect themselves. the government cannot protect us. they can't be everywhere all of the time. the government is this delusional thing. >> david, it's such a complicated segment. i hate to play into the sound byte mentality that this week has become. we're 5% of the world's population and we have 50% of the guns. >> i think today, the nra planted a flag on planet bizaro. i hate to use a sound byte like that. but we have more guns in this country and we have more gun violence in this country than any other western industriali
the dats. >> caller: i'm a financial adviser and longtime viewer who appreciates what you do to educate and motivate investors. >> thank you. >> caller: i'm wondering if you would share your objective criteria are for investors to use in determining best of breed. thank you. >> well, i've got to tell you, best of breed, start with record dividends and then i go to how a company has done and consistently in good and bad times, and, yes, for best of breed i actually look at the product itself. is the product i want to use, a bank i want to go to? is it, to use the danny meyer phrase, a great restauranteur, is it the one that's the most hospitable to share holders? anyway, new diversification. it's important. it's what we're preaching tonight. make sure your portfolio is home to some gold, a high yielder, okay. you need a growth stock. you know what, you need geographically safe area for one of them. i'll teach you how to pick the best ones. i want you to be comfortable with your own portfolio. "mad money" will be right back. >> don't miss a second "mad money." follow @jimcramer on twitter
of the educational testing service, which administers the test for the college board and is responsible for s.a.t. test security. >> this is not a common occurrence. >> how many impersonations did e.t.s. discover last year? >> about 150. >> but in reality, that's the 150 you know about. that doesn't mean there were only 150 impersonations. >> absolutely. >> landgraf says, according to their data, of the three million students who take the s.a.t. every year, more than 99% do so honestly. his organization spends $11 million on s.a.t. test security annually. do you know how many times sam eshaghoff took the s.a.t.? >> actually, i don't. >> 16 times. does that surprise you? >> no. >> does it concern you about the integrity of your test? if one teenage kid can do that 16 times, and that's all that we know about from him alone? >> yeah, so the integrity of the test, the validity of the test score, is the primary concern of e.t.s. and the college board. since i believe that almost all the students take the test honestly, with integrity, and the score is valid, it's very important that we not overrea
deserve but have a right to an education. >> i will get my education if it is in home, school or any place. >> the taliban retaliated hunting her down, shooting her in the neck and back. the attack outraged even hardened pakistanis and all around the world, malala quickly became an international symbol of good against evil. today, she is recovering in england. >>> number one, president barack obam obama. >> tonight, you voted for action. not politics as usual. >> after a long and we mean long and bitter campaign, president obama won re-election 2340g 12, the president also won the supreme court's stamp of approval for his health care reform program and made history with this statement. >> i think same-sex couples should be able to get married. ♪ >> as 201 comes to a close, the president joined in grief with a community shocked by senseless violence. >> these tragedies must end. and to end them, we must change. >> brooke baldwin, cnn, atlanta. >> another ironman, another anchor man, another star trek, so many sequels to look forward to in 2013. our movie critic tells us which ones she is
. finally, don't be an eyore. millenials are optimistic. they paid a lot for an education that doesn't guarantee them a lucrative job but they have hope. among those who said they don't earn enough money now, 88% said they believed they would in the future. embrace change, be willing to start over. this is career advice from millenials. for more on this see my column in december's money magazine and let me know what you think at facebook.com/ali velshi, my handle is @ali velshi. we are here weekdays 3:30 p.m. eastern and sunday at 3:00. have a great weekend. -- captions by vitac -- www.vitac.com >>> today in newtown, connecticut, more sad reminders of what happened just a week ago. funerals are being held today for students emilie parker anna marquez green, joe feen gay. yesterday morning at 9:30, people paused to remember the loss. they held a moment of silence and in the town church bells rang 26 times. >>> the national rifle association is finally speaking out on the pass ker in newtown, but the group isn't addressing the idea of banning or limiting guns used to kill the students
of that is also to educate other ceos about the importance of aviation. you talk about the tax environment. 20% of the price of your ticket is taxation. you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you seeing impact of private jet companies sprouting up all over the place, trying to get folks to do private jets? >> really not yet. >> not yet. >> what i hear, is it the corporate jet is not available, i'm flying jetblue. i love that compliment. someone flying from teterboro to west palm beach, they are taking care of that corporation. >> good strategy in teterboro, i'll tell that you. >> it works for us. >> thanks so much pch wonderful to see you and merry christmas. happy holidays. you've heard concerns, tax implications, even recession fears if we go over the fiscal cliff. what happen fess we don't in steve liesm
, unemployment benefits, welfare and education. in the study by the website 24-7 wall sting rhode island ranks first and pennsylvania. oklahoma is the worst followed by arkansas and tennessee. thanks to an oil boom, north dakota's the fastest growing state in the u.s. population increased three times faster than the entire nation. the district of columbia right behind with texas coming in third. fun in the sun. on minds of a lot of holiday travelers. the travel website kayak.com says orlando, florida, is the top christmas vacation destination that's based on internet searches and new york city's second most popular and chicago, third. >>> how jolly on christmas we will be. >> class toyk many. "n "holiday inn featuring "white christmas" comes in second. the 1942 musical starring binge cross by a crosby and fred astaire, now a tv tradition. >> every time a bell rings an angel gets his wings. >> that's right. that's right. >> no surprise there. "it's a wonderful life" with jimmy stewart. all-time favorite. you can watch it christmas eve at 8:00 p.m. eastern. those are this year's number one. ♪
. arizona's attorney general proposing to change the state law that would allow an educator in each school to carry a gun. the "l.a. times," the city of los angeles collected more than -- this story is unbelievable. they collected more than 2,000 firearms part of a guns for groceries buyback program. 75 assault weapons were included in that and two rocket launchers were turned in for cash. >> they got steak and shrimp for the rocket launchers. what about teachers with guns in classrooms? >> i mean, it's amazing to me. i had randy wine gart ten of the american federation of teachers on my show last night. it's outrageous to me on two levels. one, you're going to put more guns into schools it to try to deal with getting guns out of the school. you don't have money for students. you don't have money for sports and arts. you don't have money for anything you need in school, but you're going to find money to buy guns, bullets and training for teachers? where did the conservatives come up with this money from? how, if you had an armed teacher, would that have solved newtown? it would have made t
where teachers can safely educate and nurture or students. there doesn't seem to be an appetite or a lot of forces when it comes to teachers p introduces winnepeg inside of the schools. >> i think they were dealing with the proposals to have teachers in general be able to bring guns to school whenever they want to and they see that as a danger, and i also see that as a danger. i want to provide free training to deal with a situation that might arise. we would like them to be safe sanctuaries but we found out that sometimes a bad guy can penetrate and you want someone that can deal with it in that case. i'm not requiring that of anybody. if they do want it, i'm offering it as a free service we will provide to the schools. >> all right. thank you very much. we appreciate your contribution to the debate. >>> going nowhere fast, holiday travel now on hold as a wet and nasty winter storm slamming the midwest. plus, shoppers running for their lives when a shark tank shatters at a mall. [ male announcer ] rocky had no idea why dawn was gone for so long... ...but he'd wait for her forever, for a
this at schools. i think local education decisions are best made at the local level. >> so even the -- people who should be the biggest supporters of this ideas to not only put armed police officers in schools, but to fund it republicans in congress, they are hands off, what does that tell you? >> lots of ways we can approach these issues and it really requires a multidisciplinary approach. what works in an environment in new york city isn't going to work in rural america, and there are 6,000 or 7,000 school districts in this country. one size doesn't fit all solutions are pretty clear. there are many things we can do, we can do now. let's not let those things that divide us, prevent us from moving forward in the things we're on agreement on now. >> let's keep talking, though, about what the nra does want to do right now, which is put armed police officers in schools. you know, there was an armed deputy assigned to columbine in and around the time of that massacre. his name was neil gardner, and he was monitoring students just offcampus when the students started shooting. he was one of the first
's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials shows people post-65 take their equities down. the good news is the baby boom average age is 55. so we've got ten years to worry about that. >> we do our work. >> tobias, good to see you. happy holidays. >> happy holidays to you. your little hockey player? >> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven
, and research laboratories, educational situations, they're looking all over the country at what a sort of mindless 10% cut means or whatever. so they are really at the point of wanting some spes if ity and having someone look at, should we do this program or that program? and that's really what the congressman's going to have to do. >> yeah. i just -- i wonder how that shifts things now? because the narrative right now, and maybe the public will buy it right now, is that the republicans have been obstructionist about the tax issue. once we get past january 1st and you get everything you want, you won't even have to argue about $400,000, $500,000, $1 million. i don't know really if the president has had any reason to negotiate in good faith. >> he knew we were going over -- he knew he could get back to 39.6, and you saw geithner. in fact, congressman, i think we should have learned from this. check out this quick sound bite. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going
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